Tuesday, August 25, 2009

Stock Market Commentary: Day 2 of Nowt

Today was very much a mirror of yesterday. The only difference was the slightly higher than lower close. Volume was lighter than yesterday.

There was no technical change in the Nasdaq as it stuck above 2,000.

The Dow remained peg to the rising channel

But sentiment is struggling to push higher

The last divergence in 2006/07 didn't end well; will this be any different? There are only a few more days left of August.

Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, stock charts, watchlist, multi-currency portfolio manager and strategy builder website. Forex data available too.